PETALING JAYA: Solarvest Holdings Bhd
, via its subsidiary Atlantic Blue Sdn Bhd, has been appointed as the engineering, procurement, construction and commissioning and technology partner for a RM1.06bil large-scale solar 5+ (LSS5+) project – the largest utility-scale project in Malaysia.
The project was awarded by Malakoff Corp Bhd, through its subsidiary Malakoff Silver Solar Sdn Bhd.
In a statement, Solarvest, a clean energy solutions provider, said the LSS5+ project, with an installed capacity of 690 MWp, is among the largest utility-scale solar photovoltaic farms in Asean.
“Located in Larut and Matang, Perak, the development spans close to 1,400 acres, equivalent to approximately 1,050 football fields.
“Scheduled to achieve commercial operation in the first quarter of 2028, the project is expected to generate up to 970,000 MWh of clean energy annually, powering an estimated 230,000 households each year, representing around 2% to 3% of households in Malaysia.”
Solarvest said the LSSS5+ project represents a strategic infrastructure response to rising energy demand and ongoing fuel volatility, reinforcing renewable energy as a reliable, sustainable and predictable energy source to strengthen national energy security.
“As a clean energy technology partner, Solarvest engineers advanced system designs to optimise energy yield, integrating high-efficiency solar technologies to ensure long-term performance over 20 years.”
In the same statement, Solarvest executive director and group chief executive officer Datuk Davis Chong Chun Shiong noted that energy security today “is no longer defined solely by the pace of generation growth, but by how efficiently we manage and optimise the energy system”.
“The forecasting capabilities, along with the responsiveness and flexibility of our energy distribution systems, will define our grid stability and scalability.
“As renewable energy scales, smart grid technologies will be essential to manage intermittency and the integration of advanced solutions such as battery energy storage systems (Bess), supporting grid modernisation and the development of a future-ready power system for Malaysia,” he said.
Chong added that this project adds significant momentum to Solarvest’s growing order book, which now stands at RM2.7bil, and reinforces the strength of its growth trajectory.
“Solarvest is also looking forward to welcoming the upcoming LSS6, with an expected inclusion of grid-scale Bess to support the next phase of Malaysia energy transition, aligned with the National Energy Transition Roadmap.”
For its third quarter ended Dec 31, 2025, the group reported a 46.3% year-on-year surge in net profit to RM21mil, supported by a 33.8% increase in revenue to RM181.2mil.
Solarvest attributed the stronger turnover to utility-scale projects, primarily from the commencement of the LSS5 programme and continued execution of the Corporate Green Power Programme during the quarter.
It added that the improved profitability was driven by higher contributions from all business segments, alongside a stronger share of profits from associate companies.
